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 Commercial Office Space Insurance
Secure Office Spaces for an Uninterrupted Business

Office Insurance

Premium Starts @ 350

(Excluding Taxes)

Premium Starts @ 350 excluding Taxes
Cover fire insurance and natural catastrophes such as flood and earthquake
Get quotes from leading insurers such as HDFC Ergo, New India, Bajaj Allianz, and Iffco Tokio
Buy all risk insurance policy for electronic equipment
Add-on special covers for burglary and theft
SecureNow Assistance
assistance1Online policy copy
assistance2Instant risk confirmation
assistance3Experienced medico-legal panel
assistance4 Single point interface for claims
assistance5Renewal reminders
assistance6 Digital proposal form and payment

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Table of Contents

  • > SecureNow Assistance
  • > Quick Guide to Office Insurance Policy
  • > Frequently Asked Questions
  • > Insuropedia

SecureNow Assistance


Online policy copy

Policy copy will be emailed. This can also be accessed via login


Instant risk confirmation

Risk coverage gets started immediately on proposal form submission, if no claim has been reported.


Experienced medico-legal panel

High quality lawyers, with experience of medical negligence cases, take-up cases on Doctor’ behalf


Single point interface for claims

Dedicated liability claims expert coordinates claims between the Doctor, lawyer and the insurer


Timely renewal reminders

Automated reminders and sent 3 weeks before renewal. Premium can be easily paid online


Digital proposal form and payment

Buying process is completely digitized including supporting documents. No need to submit hard copies.

Quick Guide to Office Insurance Policy

What is Commercial Office Space Insurance?

A Commercial Office Space Insurance is a policy that protects an office and its contents. An office insurance policy can cover against fire, floods, earthquakes, and many named and unnamed perils. It provides protection against natural calamities and various risks. Office insurances also cover for burglary.

An insurance policy like this protects your office from various damages, including third-party liabilities and office data misuse. It also covers damage to fixed assets, loss of items of employees, and other financial risks.

How Office Insurance Policy Functions?

Office insurance policy is a simple policy and below is how it functions:

  • Interested individuals write to us providing property details and expressing their interest in obtaining an office insurance policy. The insured must give us a sum assured value.
  • We then take your details and requirements to procure the best quotes for you.
  • You can finalize the quotation from an insurer and we proceed with the same.
  • After paying the premium, the insured places the policy, and coverage commences immediately upon payment.
  • The insured also gets a free look period of 15-30 days (depending on the insurer) to decide on to keep or cancel the policy.
  • In case of adversity and a claim arises, the insured must promptly inform and share relevant claim documents.
  • Based on the surveyor's reports, the insurer then processes the claim.
  • Both the insured and the insurer have the right to deny each other's decision on the claim. So, the insurer can reject claims based on correct grounds while the insured also holds all right to fight back the same in a court of law.

Salient Features of Office Insurance Policy

The key features of office insurance policy are as below:

  • Package Policy - A single property insurance policy can cover various commercial assets such as buildings, furniture, fittings, fixtures, and electrical equipment. It also includes laptops and mechanical equipment.
  • Customized Cover - Apart from basic commercial office insurance coverage like fire insurance, you can choose add-on covers. These include burglary, theft, earthquake, electronic equipment, and laptop insurance.
  • Add-Ons - The policy can include several add-ons, such as an escalation clause and omission to insure. It covers crane damage and offers rent for alternate lodging if the property is unusable because of a claim.
  • Easy Documentation - Acquiring office insurance entails straightforward procedures. The sum assured for fire needs to be self-declared. Laptop all-risk insurance requires details such as the make, model, and serial number.

What does the Office Insurance Policy cover and what does it not cover

Office property insurance covers all your assets from various risks and perils. These include fire, lightning, riot, strike, and malicious damage. It also covers mechanical and electronic breakdown, burglary, storm, tempest, flood, and inundation. You can also include add-on coverage like fire, earthquake, terrorism, theft, and rent for alternate lodging in property insurance.

The office property insurance policy excludes coverage for normal wear and tear because of degradation. It also excludes intentional damage and damage from war or illegal activity or pollution. Also, the common exclusions in office fire insurance policy also includes damages due to radioactive contamination and pollution or contamination losses..

Benefits of Office Insurance Policy

Below are the benefits of office insurance policy:

Variety of Risks Covered

  • The office property insurance policy covers loss or damage caused by fire, lightning strike, and natural catastrophes. It also includes specified perils like impact damage.
  • You can cover electrical and electronic equipment for mechanical breakdown and short circuit.
  • You can cover portable equipment such as laptops for theft during transit.

Insurance at Reinstatement Value

  • Insurance policy would reimburse the cost of reinstating the asset to its condition prior to loss. Applying the reinstatement value clause prevents deduction of deprecation charges.
  • Fire insurance policies typically settle claims based on market value by default, i.e., after deducting deprecation.
  • The reinstatement clause requires reconstructing the property to qualify for the claim.

Consequential Loss Cover

  • The policy could also indemnify subsequent losses resulting from a covered peril. For example, rent for an alternate lodging during the reinstatement period.
  • Fire Loss of Profits (FLOP) insurance covers loss of money during the reconstruction period.
  • For FLOP Insurance, we consider Gross Profit or Net Profit + Standing expenses.

Types of Office Insurance Policy

Three categories of office insurance policies exist:

  • Option 1: coverage for only content of the office
  • Option 2: coverage for office premises and its contents
  • Option 3: The insurance covers the office premises, office contents, and valuables like cash and equipment.

How to Buy Office Insurance Policy / Commercial Office Space Insurance Policy?

Purchasing a commercial office space insurance policy with SecureNow is a straightforward process. You can just fill the form provided above with your basic contact details. An office insurance expert will get in touch with you to collect your requirements. After understanding your requirements fully, we’ll share competitive quotations with you.

The SecureNow team helps with insurance procurement, policy placements, renewals, and claim settlements throughout the entire process. Additionally, you can email us at, and an insurance expert will contact you promptly to assist further.

Documents Required for Office Insurance Policy

Below are the documents required for office insurance policy claim process:

  • Duly filled claim form
  • FIR
  • Fire brigade report
  • Final investigation report
  • Invoice copy of the damaged asset
  • Forensic laboratory report (if any)
  • Estimated cost of repair or lost product

In addition to these documents, the insurer can ask for some additional documents based on the type of claim.

How to file a claim under Office Insurance Policy?

In case of a claim, you need to first intimate your risk manager as soon as possible about the incident. Our claim team notifies the insurer and arranges for a surveyor to visit the accident site for assessment. You must submit a claim form, invoices, and required documents to the insurance company within the specified time limit. Before the surveyor inspects the loss, you should not initiate repairs. You should try to minimize the loss, inform local authorities, and take pictures of the loss. Securenow will assist you in each step of your claim process

Frequently Asked Questions

The office insurance policy covers the office premises and its contents from fire and natural calamities. It also protects valuables from burglary and various perils. As a business owner, you can use such insurance to safeguard your finances against losses.

Another instance could be renting properties for business. Office insurance provides coverage for consequential losses, ensuring protection for renters from unforeseen circumstances. Another instance could be if you've rented properties for business. In such cases, office insurance covers consequential losses for renters.
Any company which has assets on its name should take office property insurance. We have clients ranging from small firms, SMEs, MNCs, NGOs, government companies, IT firms, etc. Every company, regardless of size, must cover assets and buy insurance. This safeguards against risks like fire, burglary, theft, and natural calamities.

Office insurance, following the Fatal Accidents Act, covers accidental deaths and compensates for fire or earthquake-related monetary losses. It also offers protection against permanent total disabilities occurring within the insured premises.
Office insurance policy is not a mandatory policy in India. However, office insurance actively covers personal accidents, legal liabilities, and bodily injury, ensuring comprehensive protection for employees and business operations.

Having commercial office insurance to protect the office and its content from known and unknown risks is advisable. A policy as such costs much below 1% but the benefits in the long run are impeccable.

What Is Reinstatement Value Clause in Office Insurance Policy?

Reinstatement Value Clause (RVC), defines the terms and conditions of payment of reinstatement claims under property insurance policies. It defines the reinstatement value that will be payable after the loss. And the conditions under which this value may be altered even after the claim has been accepted by the insurer. So, what is Reinstatement Value Clause in Office Insurance Policy?...

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What Is Tenants Legal Liability Under Office Insurance?

Many businesses rent the premises and assets on the premise to operate the office. In the case of a burglary, fire or another incident, both assets belonging to the owner of the premise and tenant, can be damaged. In the case of damage to the owner’s assets (used by the tenant), the liability falls on the tenant.

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How Is the Loss of Profit Claims Settled Under Office Insurance Policy?

Loss of profit is based on the premise that the business is interrupted due to a covered peril. The Loss of profit claims under Office Insurance covers the following types of losses:

  • Loss of revenue
  • Excess cost of operations due to the insured peril
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